THE NECESITY FOR AUDITING THE FINANCIAL-ACCOUNTING ACTIVITY
THE NECESITY FOR AUDITING THE FINANCIAL-ACCOUNTING ACTIVITY

Summary/Abstract: Many financial-accounting information users mistake internal audit and accounting. These confusion has, at is basis, the fact that most internal audit activities regard financial-accounting information and the fact that most internal auditors have a significant background in fields regarding accounting. Although the origins of accounting and audit are not clearly defined they have different application domains. The practice has imposed the abandonment of the entity’s internal audit correlated with the financial-accounting function significance and the growth of its importance by including the internal audit function in the direct subordination of the general management.

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